Quality measures for economic indicators (2005 Edition)

Eurostat compiles on a regular basis EU and Euro-zone infra-annual economic statistics relevant for short-term economic analyses. Among these, a list of 19 indicators, called Principal European Economic Indicators (PEEIs), has been identified by key users as of prime importance for the conduct of economic and monetary policies for the Euro-zone. Eurostat has always put much effort on making these statistics promptly available, reliable, and harmonised for a sufficiently long time period. However, progresses achieved need to be closely monitored. To this end, the paper proposes a limited list of quality indicators to be used on a regular basis, easy to be implemented and giving users a clear and up-to-date overview of the state of quality of PEEIs, changes with respect to the recent past and future prospects. Examples of application of the proposed quality framework are provided in the paper.